|
|
|
MIRA INFORM REPORT
|
Report No. : |
503690 |
|
Report Date : |
16.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
JOHNSON LIFTS PRIVATE LIMITED (w.e.f.27.02.2002) |
|
|
|
|
Formerly Known
as: |
JOHNSON LIFTS LIMITED (w.e.f.01.07.1996) |
|
|
|
|
Registered
Office : |
R B C, No. 1 East Main Road, Anna Nagar Western Extension, Chennai – 600101, Tamilnadu |
|
Tel. No.: |
91-44-26152200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.04.1981 |
|
|
|
|
Com. Reg. No.: |
18-008718 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209TN1981PTC008718 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0490003931 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ0838Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
The company is engaged in manufacture, supply, erection and maintenance of elevators and escalators for residential and commercial complexes with factories in Poonnamalle. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 19198000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject was incorporated in the year 1981. It is engaged in the supplying, installation and servicing of Escalators.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 14.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative (91-44-26152200/26490444)
LOCATIONS
|
Registered Office/Head Office : |
R B C, No. 1 East Main Road, Anna Nagar Western Extension, Chennai – 600101, Tamilnadu, India |
|
Tel. No.: |
91-44-26152200/01 to 05 |
|
Fax No.: |
91-44-26151614 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
|
|
|
Factory 1 : |
Chennai, Tamilnadu, India |
|
Tel. No.: |
91-44-26490444 / 26490980 |
|
Fax No.: |
91-44-26272026 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Nagpur, Maharashtra, India |
|
Fax No.: |
91-710-4265277 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Chennai (Escalater), Tamilnadu, India |
|
Tel. No.: |
91-44-37183774 |
|
Fax No.: |
91-44-37183770 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. John Kongalath John |
|
Designation : |
Managing Director |
|
Address : |
1643, 13th Main Road, Anna Nagar, Chennai-600040,
Tamilnadu, India |
|
Date of Birth/Age : |
23.09.1952 |
|
Date of Appointment : |
15.04.1981 |
|
PAN No.: |
ACYPJ1987F |
|
DIN No.: |
00035823 |
|
|
|
|
Name : |
Mr. Valliakandathil Mahew Thomas |
|
Designation : |
Whole Time Director |
|
Address : |
W-661, 4th Avenue, Anna Nagar – West Extension,
Chennai-600101, Tamilnadu, India |
|
Date of Birth/Age : |
18.12.1948 |
|
Date of Appointment : |
03.01.1985 |
|
PAN No.: |
AACPT4495J |
|
DIN No.: |
00457580 |
|
|
|
|
Name : |
Mr. Yohan Konglath John |
|
Designation : |
Director |
|
Address : |
1643, 13th Main Road, Anna Nagar, Chennai-600040,
Tamilnadu, India |
|
Date of Birth/Age : |
16.07.1985 |
|
Date of Appointment : |
21.06.2010 |
|
PAN No.: |
AEUPJ3265J |
|
DIN No.: |
03106569 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
John K John |
|
47000 |
|
Elsie John |
|
5400 |
|
V.M.Thomas |
|
9600 |
|
Elizebeth Thomas |
|
5400 |
|
Annamma Chacko |
|
7500 |
|
Yohan K John |
|
100 |
|
Total |
|
75000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
62.67 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
37.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in manufacture, supply, erection and maintenance of elevators and escalators for residential and commercial complexes with factories in Poonnamalle. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Kumar and Raj Chartered Accountants |
|
Address : |
Flat No. A, Aiyyan Pozhil, No.15, North Street, Sriram Nagar, Alwarpet, Chennai-600018, Tamilnadu, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AFXPR9871A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
· Johnson Lifts Lanka Private Limited · Sirago Enterprises |
|
|
|
|
Joint Venture : |
· Toshiba Johnson Elevator (India) Private Limited (CIN No.U29253MH2011FTC215756) |
|
|
|
|
Firm in which
directors’ relatives exercise control : |
· Lifts India |
CAPITAL STRUCTURE
AS ON 27.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
INR 100/- each |
INR 7.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.500 |
7.500 |
7.500 |
|
(b) Reserves &
Surplus |
6711.901 |
5356.381 |
4232.998 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
6719.401 |
5363.881 |
4240.498 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payable |
1.614 |
1.329 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2239.624 |
2201.528 |
0.000 |
|
(d) long-term provisions |
128.329 |
11.924 |
58.473 |
|
Total Non-current
Liabilities (3) |
2369.567 |
2214.781 |
58.473 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
638.184 |
610.054 |
354.526 |
|
(b) Trade payables |
1005.041 |
520.693 |
609.027 |
|
(c) Other current
liabilities |
9391.198 |
7929.602 |
7579.053 |
|
(d) Short-term provisions |
675.485 |
541.067 |
1458.441 |
|
Total Current Liabilities
(4) |
11709.908 |
9601.416 |
10001.047 |
|
|
|
|
|
|
TOTAL |
20798.876 |
17180.078 |
14300.018 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2897.619 |
2195.216 |
2200.880 |
|
(ii) Intangible Assets |
3.125 |
5.198 |
4.316 |
|
(iii) Capital
work-in-progress |
22.998 |
292.398 |
70.728 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(v) Trade receivables |
856.036 |
647.285 |
0.000 |
|
(b) Non-current
Investments |
442.251 |
346.116 |
256.191 |
|
(c) Deferred tax assets
(net) |
87.934 |
89.675 |
62.875 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
123.320 |
|
(e) Other Non-current
assets |
133.546 |
126.114 |
0.000 |
|
Total Non-Current Assets |
4443.509 |
3702.002 |
2718.310 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4112.865 |
4158.655 |
5095.814 |
|
(c) Trade receivables |
5957.864 |
3640.616 |
1967.469 |
|
(d) Cash and cash
equivalents |
2065.704 |
2095.434 |
1894.389 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
191.702 |
|
(f) Other current assets |
4218.934 |
3583.371 |
2432.334 |
|
Total Current Assets |
16355.367 |
13478.076 |
11581.708 |
|
|
|
|
|
|
TOTAL |
20798.876 |
17180.078 |
14300.018 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
15659.776 |
13546.402 |
9969.597 |
|
|
Other Income |
272.145 |
211.136 |
199.173 |
|
|
TOTAL |
15931.921 |
13757.538 |
10168.770 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
6798.731 |
5808.401 |
5685.820 |
|
|
Purchases of
Stock-in-Trade |
266.826 |
201.705 |
120.758 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
617.974 |
848.528 |
(403.717) |
|
|
Employees benefits
expense |
2464.632 |
1889.383 |
1491.089 |
|
|
Exceptional item |
(0.015) |
1.809 |
1752.375 |
|
|
CSR expenditure |
0.000 |
0.000 |
15.800 |
|
|
Other expenses |
3461.547 |
2804.749 |
0.692 |
|
|
TOTAL |
13609.695 |
11554.575 |
8662.817 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2322.226 |
2202.963 |
1505.953 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
90.604 |
71.800 |
67.146 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2231.622 |
2131.163 |
1438.807 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
194.950 |
169.744 |
170.950 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2036.672 |
1961.419 |
1267.857 |
|
|
|
|
|
|
|
Less |
TAX |
681.741 |
660.799 |
408.699 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1354.931 |
1300.620 |
859.158 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
18066 |
17342 |
11455 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
1903.383 |
2138.551 |
1255.789 |
|
Net cash flows from (used in) operations |
582.676 |
674.009 |
478.055 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
138.87 |
98.09 |
72.03 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.63 |
3.72 |
5.07 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
51.92 |
31.62 |
38.28 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.56 |
0.53 |
0.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.79 |
0.88 |
0.66 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.56 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.09 |
0.11 |
0.08 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.74 |
1.79 |
2.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.44 |
0.46 |
0.54 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
25.63 |
30.68 |
22.43 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.65 |
9.60 |
8.62 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.51 |
7.57 |
6.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.16 |
24.25 |
20.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.40 |
1.40 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.05 |
0.97 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.31 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
85.09 |
81.34 |
47.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.40 |
1.40 |
1.16 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
4232.998 |
5356.381 |
6711.901 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
4240.498 |
5363.881 |
6719.401 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
354.526 |
610.054 |
638.184 |
|
Total borrowings |
354.526 |
610.054 |
638.184 |
|
Debt/Equity ratio |
0.084 |
0.114 |
0.095 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
9969.597 |
13546.402 |
15659.776 |
|
|
|
35.877 |
15.601 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
9969.597 |
13546.402 |
15659.776 |
|
Profit/(Loss) |
859.158 |
1300.620 |
1354.931 |
|
|
8.62% |
9.60% |
8.65% |
ABRIDGED
BALANCE SHEET - CONSOLIDATED
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
7.500 |
7.500 |
|
(b) Reserves &
Surplus |
|
6561.632 |
5248.742 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
Non Controlling interest |
|
55.712 |
45.297 |
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
6624.844 |
5301.539 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
Trade payable |
|
1.614 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
2239.624 |
0.000 |
|
(d) long-term provisions |
|
128.329 |
109.438 |
|
Total Non-current
Liabilities (3) |
|
2369.567 |
109.438 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
638.184 |
610.142 |
|
(b) Trade payables |
|
994.864 |
684.642 |
|
(c) Other current
liabilities |
|
9391.203 |
7837.672 |
|
(d) Short-term provisions |
|
676.013 |
2219.557 |
|
Total Current Liabilities
(4) |
|
11700.264 |
11352.013 |
|
|
|
|
|
|
TOTAL |
|
20694.675 |
16762.990 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2933.362 |
2207.339 |
|
(ii) Intangible Assets |
|
3.125 |
19.867 |
|
(iii) Capital
work-in-progress |
|
43.609 |
292.398 |
|
Trade Receivables |
|
856.035 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
223.523 |
25.252 |
|
(c) Deferred tax assets
(net) |
|
87.934 |
89.675 |
|
(d) Long-term Loan and Advances |
|
112.737 |
116.175 |
|
(e) Other Non-current
assets |
|
21.316 |
0.000 |
|
Total Non-Current Assets |
|
4281.641 |
2750.706 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
4123.327 |
5548.132 |
|
(c) Trade receivables |
|
5957.952 |
2581.679 |
|
(d) Cash and cash
equivalents |
|
2096.565 |
2198.192 |
|
(e) Short-term loans and
advances |
|
0.000 |
182.255 |
|
(f) Other current assets |
|
4235.190 |
3502.026 |
|
Total Current Assets |
|
16413.034 |
14012.284 |
|
|
|
|
|
|
TOTAL |
|
20694.675 |
16762.990 |
PROFIT
& LOSS ACCOUNT - CONSOLIDATED
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
15663.907 |
11868.522 |
|
|
Other Income |
|
275.723 |
207.740 |
|
|
TOTAL |
|
15939.630 |
12076.262 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
6734.827 |
5794.228 |
|
|
Purchases of
Stock-in-Trade |
|
266.826 |
555.672 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
617.974 |
(523.782) |
|
|
Employees benefits
expense |
|
2478.842 |
1985.703 |
|
|
Exceptional item |
|
(0.015) |
1.808 |
|
|
Share association |
|
151.249 |
16.332 |
|
|
Other expenses |
|
3491.642 |
1980.994 |
|
|
TOTAL |
|
13741.345 |
9810.955 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
2198.285 |
2265.307 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
101.549 |
80.194 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
2096.736 |
2185.113 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
195.349 |
181.875 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
1901.387 |
2003.238 |
|
|
|
|
|
|
|
Less |
TAX |
|
687.176 |
667.998 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
1214.211 |
1335.240 |
LEGAL CASE
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Brief description of the
Company
The company is a private limited company incorporated and domiciled in India. The registered office is located at No:1 East Main Road, Anna Nagar. Chennai -101 Tamil Nadu, India. The company is engaged in manufacture, supply , erection and maintenance of elevators and escalators for residential and commercial complexes with factories in Poonnamalle, Oragadam in Tamilnadu and Butibori in Maharashtra.
Companies
Performance/ State of Company’s Affairs
During the year the volume of operations of the Company saw a good rise. The turnover of the Company grew by INR 2237.300 Million thereby registering a growth of 14.87%. Revenue from service operations registered an increase of around 19.64 % over last year. The Company’s business outlook, market share, growth prospects and financial position continue to be good and it has the ability to convert its potential to grow both in volume and profitability. In accordance with the notification dated February 16, 2015 issued by the Ministry of Corporate Affairs, the Company has adopted the Indian Accounting Standards (“Ind AS”) notified under Companies (Indian Accounting Standards) Rules 2015 with effect from April 1, 2016
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
638.184 |
610.054 |
|
Total |
638.184 |
610.054 |
FIXED ASSETS:
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer Equipments
- Other Equipments
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.